Corning Incorporated Long Term Disability

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 133364852 ✦ Pittsburgh, PA ✦ Designated as a 501(c)(9)

Overview

What is Corning Incorporated Long Term Disability?

Corning Incorporated Long Term Disability is a nonprofit trust based in Pittsburgh, Pennsylvania. Its primary mission is to provide long-term disability benefits to salaried employees of Corning Incorporated and health benefits to both active employees and union retirees. The trust's objective is to ensure financial security and well-being for these individuals in the event of long-term disabilities. The trust's activities encompass the administration and distribution of these benefits, ensuring that eligible employees and retirees have access to essential coverage and support during challenging times.


Is Corning Incorporated Long Term Disability legitimate?

Corning Incorporated Long Term Disability is a legitimate nonprofit organization registered as a 501(c)(9) entity. Corning Incorporated Long Term Disability submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $5,898
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Corning Incorporated Long Term Disability?
What is the revenue of Corning Incorporated Long Term Disability?
Who are the executives of Corning Incorporated Long Term Disability and what are their salaries?
Where can I find the form 990 for Corning Incorporated Long Term Disability?

Mission Statement of Corning Incorporated Long Term Disability

Corning Incorporated Long Term Disability, also known as the Trust, is a mission-driven organization dedicated to providing essential benefits to the salaried employees of Corning Incorporated and their union retirees. The Trust's primary focus lies in offering long-term disability benefits to its eligible members, ensuring financial security and stability during their most challenging times. Alongside disability benefits, the organization extends health benefits to active employees, further enhancing their overall well-being.

In its commitment to supporting Corning Incorporated's workforce, the Trust plays a vital role in safeguarding the financial futures of its constituents. By providing long-term disability benefits, the organization alleviates the burden of extended periods of absence due to illness or injury, enabling individuals to focus on their recovery while their financial needs are addressed. The Trust's dedication to the well-being of its members extends beyond disability benefits, as it also provides health benefits to active employees, ensuring they have access to essential healthcare services.

Additionally, the Trust extends its benefits to union retirees, reinforcing its long-standing commitment to the Corning Incorporated community. By offering these comprehensive benefits, the Trust fosters a strong sense of security and loyalty among its members, allowing them to focus on their personal and professional growth without the added stress of financial uncertainty.

Impact

This information is meant to be a general summary of Corning Incorporated Long Term Disability. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Corning Incorporated Long Term Disability has a significant impact by providing long-term disability benefits to salaried employees and health benefits to active employees and union retirees of Corning Incorporated. This support plays a crucial role in helping individuals maintain financial stability during times of extended illness or injury. By ensuring access to essential benefits, this program contributes to the well-being and security of the employees and retirees it serves.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $361,898
  • Program Service Revenue: $78,416,713
  • Gross Receipts: $78,781,343

    • Assets and Liabilities:
  • Total Assets: $10,184,924
  • Total Liabilities: $0
  • Net Assets: $10,184,924
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    EMPLOYEE CONTRIBUTION

    Revenue

    $53,416,713

    EMPLOYER CONTRIBUTION

    Revenue

    $25,000,000

    Organization Details

    Founding Year

    1988

    Main Address

    C/O THE BNYM PO BOX 535007, PITTSBURGH, PA, 152535007

    NTEE Category

    Code: Y40 - Mutual benefit

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